HighTower Advisors LLC Decreases Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

HighTower Advisors LLC trimmed its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,849 shares of the technology company’s stock after selling 258 shares during the quarter. HighTower Advisors LLC’s holdings in Jack Henry & Associates were worth $1,551,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. AGF Management Ltd. acquired a new stake in shares of Jack Henry & Associates in the 4th quarter valued at about $305,000. Davis R M Inc. boosted its holdings in shares of Jack Henry & Associates by 0.9% during the fourth quarter. Davis R M Inc. now owns 78,035 shares of the technology company’s stock valued at $13,680,000 after acquiring an additional 698 shares during the period. Tortoise Investment Management LLC boosted its stake in Jack Henry & Associates by 76.9% during the 4th quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company’s stock valued at $58,000 after purchasing an additional 143 shares during the period. Johnson Investment Counsel Inc. grew its holdings in Jack Henry & Associates by 2.9% in the 4th quarter. Johnson Investment Counsel Inc. now owns 16,293 shares of the technology company’s stock worth $2,856,000 after buying an additional 462 shares in the last quarter. Finally, Gallagher Capital Advisors LLC bought a new stake in Jack Henry & Associates during the 4th quarter valued at $257,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Down 0.1 %

NASDAQ:JKHY opened at $172.82 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $174.21 and its 200-day moving average is $176.18. The firm has a market cap of $12.60 billion, a price-to-earnings ratio of 31.20, a P/E/G ratio of 3.36 and a beta of 0.65. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. Equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a yield of 1.34%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s payout ratio is 41.88%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price on the stock. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Finally, Northcoast Research downgraded shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $186.80.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.